Ford Motor Company is targeting the elimination of 1,400 North American jobs by the end of the year as part of its multiyear $11 billion restructuring plan. The move is a part of the automakers ongoing effort to streamline its structure as it continues to invest in the electrified vehicles expected to dominate the market during the next decade.  Ford said the plan calls for buyouts, rather than layoffs, focusing on workers who are already near to retirement. “We’re in a multiyear process of making Ford more fit and effective around the world,” Ford’s Americas President Kumar Galhotra said. “We have reprioritized certain products and services and are adjusting our staffing to better align with our new work statement.”

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